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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
IMHO Intermedia House
IMHO Intermedia House (IMHO) investor relations material
IMHO Intermedia House Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary30 Dec, 2025
Executive summary
Net sales decreased by 37% to 4,351 kSEK in Q3 2025 and by 16% to 9,203 kSEK for Jan–Sep 2025 compared to the same periods last year.
EBITDA was -2,626 kSEK in Q3 and -5,431 kSEK for Jan–Sep, both significantly lower year-over-year.
Operating result (EBIT) was -8,863 kSEK in Q3 and -13,126 kSEK for Jan–Sep, reflecting increased losses.
Period result was -5,001 kSEK in Q3 and -9,652 kSEK for Jan–Sep, with negative cash flow from operations.
Major restructuring in publishing, including layoffs and divestment of Danish subsidiaries and Lusthuset Förlag.
Financial highlights
Q3 net sales: 4,351 kSEK (down 37% YoY); Jan–Sep: 9,203 kSEK (down 16% YoY).
Q3 EBITDA: -2,626 kSEK (vs. -1,235 kSEK YoY); Jan–Sep: -5,431 kSEK (vs. -1,287 kSEK YoY).
Q3 EBIT: -8,863 kSEK (vs. -3,347 kSEK YoY); Jan–Sep: -13,126 kSEK (vs. -4,935 kSEK YoY).
Q3 period result: -5,001 kSEK (vs. -1,628 kSEK YoY); Jan–Sep: -9,652 kSEK (vs. -3,423 kSEK YoY).
Cash flow from operations: -3,041 kSEK in Q3; -3,171 kSEK for Jan–Sep.
Outlook and guidance
Cost reduction measures in publishing expected to lower expenses and potentially achieve positive cash flow within months if obligations are managed.
Media division seen as having high potential, with key productions aiming for full financing in early 2026.
Updated guidance delays revenue recognition for major productions but maintains overall revenue expectations.
What specific actions address financing uncertainty?
Impact of Fleming project's sole financing reliance?
How will revenue decline be reversed post-restructuring?
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Next IMHO Intermedia House earnings date
Q4 202522 Feb, 2026
IMHO Intermedia House
Next IMHO Intermedia House earnings date
Q4 202522 Feb, 2026
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Frequently asked questions
Hoi Publishing is a media company specializing in book publishing and related services. The company works with authors to produce, distribute, and market literary works across various genres. The company is headquartered in Lund, Sweden, and its shares are listed on the Spotlight Stock Market.
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